Company Update (NASDAQ:INTC): Intel-Altera Merger Adds $2 Bil To 2016 Sales Outlook

[at Investor’s Business Daily] – No. 1 chipmaker Intel (INTC) muscled up Monday after it swallowed rival Altera for $16.7 billion, which an analyst says will add nearly $2 billion to Intel’s expected 2016 sales. The Intel-Altera merger … Read more on this. Intel Corporation (INTC) , currently valued at $165.12B, started trading this morning at $35.43. Shares have traded today between $34.95 and $35.45 per share with its 52-week range being $24.87 to $37.49. Priced at 15.89x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry’s 10.18x forward p/e ratio. The company pays shareholders $0.96 per share in dividend income per year, for a current yield of 2.74%. According to a consensus of 38 analysts, the earnings estimate of $0.63 per share would be $0.11 worse than the year-ago quarter and a $0.03 sequential increase. The full-year EPS estimate is $2.23, which would be a $0.08 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.80 Billion. If reported, that would be a 0.54% increase over the year-ago quarter. More recently, JMP Securities upgraded INTC from Mkt Perform to Mkt Outperform (Nov 20, 2015). Previously, JMP Securities upgraded INTC from Mkt Underperform to Mkt Perform. When considering if perhaps the stock is under or overvalued, the average price target is $36.19, which is 2.15% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Stock Update: Intel Corporation (NASDAQ:INTC) – Intel Completes Acquisition of Altera Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal Company Update (NASDAQ:INTC): Intel watchdogs say Altera purchase could work, outlook ‘incrementally’ better